Blackbaud
BLKB
288 hedge funds and large institutions have $3.04B invested in Blackbaud in 2025 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 106 increasing their positions, 94 reducing their positions, and 32 closing their positions.
133% more call options, than puts
Call options by funds: $1.1M | Put options by funds: $474K
38% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 32
13% more repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 94
3% more funds holding
Funds holding: 279 → 288 (+9)
1.08% more ownership
Funds ownership: 96.34% → 97.42% (+1.1%)
3% more capital invested
Capital invested by funds: $2.94B → $3.04B (+$91.9M)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$26.8M |
| 2 |
Morgan Stanley
New York
|
+$16M |
| 3 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
+$13.2M |
| 4 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$12.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$10.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$47.7M |
| 2 |
Janus Henderson Group
London,
|
-$26.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$23.7M |
| 4 |
Nuveen
Charlotte,
North Carolina
|
-$17.6M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
-$15.8M |
BLKB Hedge Fund Activity: Q2 2025 in Review
288 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in Blackbaud (BLKB) for Q2 2025, worth a combined $3.04B — up 3.1% from $2.94B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new BLKB positions and 32 closed out — a net gain of 12 holders — while 106 added to existing stakes and 94 trimmed.
The largest buyer was Millennium Management, adding an estimated $26.8M. The largest seller was Vanguard Group, cutting an estimated $47.7M.
- 288 institutional investors held Blackbaud (BLKB) as of Q2 2025, up from 279 in Q1 2025.
- Funds reported $3.04B of Blackbaud stock for Q2 2025, up 3.1% quarter-over-quarter.
- 44 funds opened new Blackbaud positions in Q2 2025 and 32 closed out, a net change of +12 holders.
- The largest Blackbaud buyer in Q2 2025 was Millennium Management, an estimated $26.8M added.
- The largest Blackbaud seller in Q2 2025 was Vanguard Group, an estimated $47.7M sold.
Based on aggregated 13F filings for Q2 2025.